The Audit Committee's Major Areas of Responsibility Include All of the Following

question 57

Multiple Choice

The audit committee's major areas of responsibility include all of the following except:

• A)oversight of the internal control system
• B)oversight of the internal audit function and external auditor
• C)preparation of financial statements
• D)establishment and oversight of a whistleblower process

---

Definitions:

Intranet

A private network accessible only to an organization's staff, often used to share information, operational systems, or computing services within the organization.

Botnet

A network of private computers infected with malicious software and controlled as a group without the owners' knowledge, e.g., to send spam messages.

Wide Area Networks

Networks that extend over large geographic areas, connecting devices across cities, countries, or even continents typically through leased telecommunication lines.

Satellite Transmissions

The process of sending and receiving signals to and from a satellite in orbit around Earth, used for communication, navigation, and broadcasting.